March 08, 2021 10:20 ET | Source: Reports and Data Reports and Data
New York, New York, UNITED STATES
New York, March 08, 2021 (GLOBE NEWSWIRE) -- Market Size – USD 37.1 billion in 2020, Market Growth – at a CAGR of 9.7%, Market Trends – Technological advancements in medical packaging solutions and elevated safety standards for packaging
The global sterile medical packaging market is expected to be valued at USD 76.1 billion in 2028 from USD 37.1 billion in 2020, registering a CAGR of 9.7% throughout the forecast period. Increasing number of people suffering from acute and chronic diseases, growing prevalence of infectious diseases, rising geriatric population, and the surging rate of hospital admissions and outpatient visits are among the integral factors contributing to the growth of the global sterile medical packaging market. The growing demand for sterile and disinfected surgical equipment, technological advancements in medical packaging solutions, rising shipments of medical products, and upgraded safety standards for medical packaging are the other vital parameters projected to spur the global market growth.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/3844
Sterile medical packaging is non-reusable and provides a strong barrier against microbes and bacteria, thereby protecting the packed medical or pharmaceutical product against heat, moisture, and physical damage caused by unfavorable environmental conditions. This packaging type needs to be compliant with certain medical packaging standards, including the ISO9000 and PSO9000. Sterile medical packaging generally comprises materials such as glass, plastic (including LDPE, HDPE, PVC, etc.), metal, and paper & paperboard, and it offers high durability, prolonged shelf life, superior tear resistance, and a robust microbial barrier.
The plastic-based sterile medical packaging, which usually comprises high-performance polymers such as HDPE, is increasingly being adopted in the healthcare industry, mainly due to the high drug compatibility, superior chemical resistance, and improved moisture resistance of HDPE. For instance, Tyvek®, a synthetic material composed of spunbound HDPE fibers, is one of the most widely used materials for medical packaging, including sterile containers, pouches, trays, and gloves. The massive demand for Tyvek® is attributed to the material’s excellent biocompatibility, lightweight, breathability, and moisture resistance. However, stringent regulations imposed by the leading regulatory bodies, such as the U.S. FDA, for sterile medical packaging are expected to impede the global sterile medical packaging market growth in the near future.
Sterile Medical Packaging Market, By Type (Sterile bottles, thermoform trays, sterile closures, vials & ampoules, pre-filled syringes, bags & pouches, blisters & clamshells, others), By Material (Plastic, glass, metal, others), By Application (Surgical & medical equipment, pharmaceutical & biological, medical implants, others), By Sterilization Method (Radiation Sterilization, Chemical Sterilization), and By Region, Forecast to 2028; To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/sterile-medical-packaging-market
Key Highlights of the Report:
Order Now: https://www.reportsanddata.com/checkout-form/3844
For the purpose of this report, the global sterile medical packaging market has been segmented based on type, material, application, sterilization method, and region: By Type (Revenue, USD Billion; 2018-2028)
By Material (Revenue, USD Billion; 2018-2028)
By Application (Revenue, USD Billion; 2018-2028)
By Sterilization Method (Revenue, USD Billion; 2018-2028)
By Region (Revenue, USD Billion; 2018-2028)
Sustainable Plastic Packaging Market Size, Share & Analysis, By Packaging Type (Rigid, Flexible, Industrial), Packaging Format (Primary, Secondary, Tertiary), Process (Recyclable, Reusable, Biodegradable), End-Use Sector (Food & Beverage, Personal Care, Healthcare, Other), And Region - Global Forecast To 2028
Blow-Fill-Seal Technology Market Size, Share & Analysis, By Product (Bottles, Vials, Ampoules, And Pre-Filled Syringes & Injectable), By Raw Material (Polypropylene (PP) and Polyethylene (PE)), And By End-Use (Pharmaceuticals And Others), And By Region, Forecast To 2028
Multiwall Bags Market Size, Share & Analysis, By Material Type (Paper, Plastic), By Layer (2-ply, 3-ply, others), By Application (Agriculture, Food & Grains, Buildings & Construction, Retail, Pharmaceuticals, Chemicals, And Others), And By Region, Forecast To 2028
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
Read Full Press Release@ https://www.reportsanddata.com/press-release/global-sterile-medical-packaging-market